What Is IOTA?

IOTA is a ground breaking open-source distributed ledger. The system was not built using blockchain technology, but a new directed acyclic graph protocol called The Tangle.

Primarily built for the purpose of machine-to-machine transactions (Internet of Things), IOTA is also proving useful for peer to peer micro-transactions and remittances.

IOTA Explainer Video
Interview with David Sønstebø